Across
- 4. revenue Is equal to average revenue
- 5. Knowledge is…
- 7. The firm's supply curve is its…
- 10. Has a trunk
- 13. In the long run, a firm in perfect competition earns…
- 15. Type of market where firms have perfect knowledge
- 16. Man's best friend
- 18. Market structure where many small firms compete
- 20. Large marsupial
Down
- 1. The firm's demand curve in perfect competition is…
- 2. The lowest point average cost curve is intersected by the …
- 3. MC = MR is the profit … condition
- 6. If AR<AVC the firm will…
- 8. Likes to chase mice
- 9. In perfect competition, firms have no control over this
- 11. Firms seek to maximise
- 12. Price taker, not price...
- 14. Term for a product that is identical across all suppliers
- 17. Flying mammal
- 19. Number of firms in perfect competition